OMAHA (DTN) -- U.S. farmers still waiting for checks from the Syngenta corn settlement, can expect to see those payments in the next couple of months as a result of a court motion filed in federal court last week.
A court motion filed by the claims administrator in the U.S. District Court for the District of Kansas, calls for final disbursement to 194,186 claims totaling about $390 million. Checks are expected to be sent out on or around Dec. 30.
So far in 2020, about $475.6 million in claims were paid to more than 135,000 successful claimants.
The court previously approved the $1.51 billion settlement from a lawsuit filed following Syngenta's release of Agrisure Viptera (MIR162) and Agrisure Duracade corn traits.
The remaining money of each class settlement amount is expected to be paid as a result of the new court motion. Syngenta plays no role in the distribution of settlement funds.
According to the court motion, the final round of payments likely would have been pushed into 2021 as a result of an appeals process.
Instead, the motion will allow the final disbursement to be more than 194,000 class members.
Class members receiving payments include producers and landlords who are expected to receive about 65% of their estimated total settlement amount, and grain-handling facilities and ethanol plants that will receive about 50% of their estimated total settlement amount.
According to the settlement, there are four subclasses approved as eligible for payments.
First, are farmers who owned any interest in corn in the United States but did not plant the Syngenta seeds in question. A second subclass includes any producer who owned any interest in corn in the U.S. priced for sale, purchased Agrisure Viptera and/or Agrisure Duracade corn seed, and produced corn grown from those traits.
The settlement also includes any grain-handling facility and ethanol plants that owned interest in corn priced for sale during the period.
As part of the settlement, the first class was to receive at least $1.44 billion. Most of that money is paid to corn growers and landlords who did not grow Duracade or Viptera corn seeds. Payouts in the second class are limited to $22.6 million, $29.9 million for the third class and $19.5 million for the fourth class.
Plaintiffs in the cases alleged Syngenta sold corn with Agrisure Viptera and Duracade traits prior to the traits receiving import approvals in several countries, including China. China claims it found and rejected corn shipments containing the traits, which plaintiffs said led to lower corn prices.
On March 20, 2020, the claims administrator began sending payments to class members.
According to the court motion, the administrator has rejected 1,963 claims for failing to provide complete claim forms or documents.
In addition, the court motion said the administrator is processing the remaining 2,040 claims being appealed.
"We anticipate completing appeal reviews of these claims no later than Jan. 31, 2021," the motion said.
Todd Neeley can be reached at email@example.com
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